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Category: Mining in Zambia

Zambia Development Agency Secures $8.9 Billion in Investments 1 Mining in Zambia Economy 

Zambia Development Agency Secures $8.9 Billion in Investments

Constance
The Zambia Development Agency (ZDA) has successfully realized $8.9 billion in investments from 2021 to 2024, as announced by ZDA Director General, Mr. Albert Halwampa, during a media briefing held on Friday, August 23, 2024, at the ZDA Boardroom. Of the total committed investment of $54 billion, 440 companies have contributed to this substantial achievement, resulting in an actualization rate of 113%. The investments cover various sectors, with mining leading the way at $3.34 billion, followed closely by manufacturing at $3.10 billion, and transport at $1.2 billion. “This remarkable success… Read More Here
FQM Trident Lauded for Empowering SMEs and Boosting Northwestern Province’s Economy 2 Mining in Zambia Copper Economy 

FQM Trident Lauded for Empowering SMEs and Boosting Northwestern Province’s Economy

Constance
Hon. Elias Mubanga, Minister of Small and Medium Enterprise Development, has commended FQM Trident Limited for its ongoing efforts to support small and medium enterprises (SMEs) in Zambia’s Northwestern Province. Speaking at the Kalumbila Business Clinics, Hon. Mubanga highlighted the crucial role SMEs play in Zambia’s economy and urged other large corporations, especially in the mining sector, to follow FQM’s example in empowering local businesses. “SMEs are the backbone of our economy, and it is essential that major firms, particularly in the mining industry, actively contribute to the growth and… Read More Here
Swedish Energy Agency Eyes Investment in Zambia's Growing Renewable Energy Sector 3 Mining in Zambia Energy 

Swedish Energy Agency Eyes Investment in Zambia’s Growing Renewable Energy Sector

Constance
The Swedish Energy Agency has expressed strong interest in exploring investment opportunities in Zambia’s renewable energy sector, recognizing the country’s vast potential in green energy and energy efficiency initiatives. This development follows a high-level meeting between Zambia’s Ministry of Green Economy and Environment and a Swedish delegation led by SPAR6C Zambia Team Lead, Mr. Joachim Schnurr. During the meeting at the Industrial Development Corporation (IDC) offices in Lusaka, Mr. Schnurr commended Zambia’s significant progress under the SPAR6C program—a German government-funded initiative that helps countries like Zambia engage in the global… Read More Here
Mopani Copper Mines Produces First 200 Tonnes of Copper Anodes Post-Revival 4 Mining in Zambia Copper Economy 

Mopani Copper Mines Produces First 200 Tonnes of Copper Anodes Post-Revival

Constance
Mopani Copper Mines has successfully produced its first 200 tonnes of copper anodes since its revitalization under new equity partner, International Resources Holdings (IRH). The company was officially handed over to IRH in March this year by President Hakainde Hichilema. Mopani Copper Mines CEO, Charles Sakanya, announced that significant transformations have taken place since the revival. In the past three months, 400 professionals have been hired to enhance productivity. The mine has also doubled its shifts, resulting in a notable increase in production. Current copper output stands at 65,000 tonnes,… Read More Here
Copper exports from DRC to the US begin via Lobito Atlantic Railway 5 Mining in DRC Angola Copper Mining in Zambia Transport and Logistics 

Copper exports from DRC to the US begin via Lobito Atlantic Railway

Constance
The first US-bound copper shipment from the Democratic Republic of the Congo (DRC) via the Lobito Atlantic Railway (LAR) has been successfully loaded. The cargo of copper cathodes, destined for Baltimore, was transported by train to Angola’s port of Lobito on August 19, according to global commodities trader Trafigura Group, part of the consortium holding the railway concession. This shipment follows earlier deliveries to European and Far Eastern ports since the Lobito Atlantic Railway began operating the concession in January 2023. LAR, a joint venture backed by Trafigura, Portuguese construction… Read More Here
Jubilee Metals Exceeds Chrome Production Goals, Meets Copper Targets in Q4 2024 6 Mining in Zambia 

Jubilee Metals Exceeds Chrome Production Goals, Meets Copper Targets in Q4 2024

Constance
Diversified metals producer Jubilee Metals Group has met its copper production targets and exceeded its chrome production guidance for the fourth quarter of the 2024 financial year. In its Zambian operations, Jubilee achieved a 51.7% quarter-on-quarter increase in copper production, reaching 1,048 tonnes for the three months ending June 30, despite operational stoppages due to construction activities at the Roan site. For the full year, copper production rose by 17.1% to 3,422 tonnes, aligning with the company’s guidance range of 3,250 to 4,000 tonnes. Jubilee’s South African operations also saw… Read More Here
President Hichilema Officially Hands Over KCM to Vedanta Resources 7 Mining in Zambia Copper Economy 

President Hichilema Officially Hands Over KCM to Vedanta Resources

Constance
Konkola Copper Mines (KCM) has been officially handed back to Vedanta Resources, marking the beginning of a new chapter for both the Copperbelt region and the nation. At the re-launch ceremony in Chililabombwe, President Hakainde Hichilema emphasized the importance of resolving disputes through dialogue rather than legal battles, commending Vedanta Resources and the government for negotiating a successful outcome. He described the handover as a “new chapter for KCM” and expressed optimism about the future. President Hichilema highlighted that KCM’s revival under Vedanta will create jobs for Zambians and expand… Read More Here
President Hichilema Hails Three Years of Progress, Highlights Key Achievements 8 Mining in Zambia Copper Economy Governance 

President Hichilema Hails Three Years of Progress, Highlights Key Achievements

Constance
President Hakainde Hichilema has hailed his three years in office as a success, emphasizing significant achievements across various sectors due to dedicated efforts. Among the accomplishments highlighted are the revitalization of key mining operations, including Mopani Copper Mines, Konkola Copper Mines (KCM), and Shaft 28 in Luanshya. The President made these remarks during an interaction with the public and journalists at Simon Mwansa Kapwepwe International Airport in Ndola. His visit to the Copperbelt Province is part of a two-day working tour. Earlier, President Hichilema met with UPND Bwana Mukubwa Party… Read More Here
President Hichilema Urges Vedanta to Strengthen Community Relations as KCM Operations Resume 9 Mining in Zambia Copper Economy 

President Hichilema Urges Vedanta to Strengthen Community Relations as KCM Operations Resume

Constance
President Hakainde Hichilema has called on Vedanta Resources Limited, the owner of Konkola Copper Mines (KCM), to improve its engagement with local communities as it resumes operations. He emphasized that the government has already discussed with the company to prevent the issues that led to the mine’s previous liquidation, stressing the need for a renewed commitment to responsible practices. The President also highlighted the importance of mining companies fulfilling their obligations to traditional leaders, including the sponsorship of cultural ceremonies. He made these remarks during a meeting with traditional leaders… Read More Here

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